Purchase Of Shares In Match Group Inc. (MTCH) By Sine Jared F.


As of Friday close, Match Group Inc.’s (NASDAQ:MTCH) stock was up $0.1, moving up 0.27 percent to $36.72. The average number of shares traded per day over the past five days has been 4,229,700 shares. 2 times new highs have been achieved over the past 5 days, with a $1.23 gain in that time frame. In the last twenty days, the average volume was 3,958,445, while in the previous 50 days, it was 4,218,472.

Since last month, MTCH stock retreated -19.42%. Shares of the company fell to $34.62 on 03/13/23, the lowest level in the past month. A 52-week high of $114.36 was reached on 01/31/23 after having rallying from a 52-week low of $34.62. Since the beginning of this year, MTCH’s stock price has dropped by -11.50% or -$4.77, and marked a new high 10 times. However, the stock has declined by -67.89% since its 52-week high.

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MTCH stock investors should be aware that Match Group Inc. (MTCH) stock had its last reported insider trading activity 16 days ago on Mar 02. Sine Jared F., the Chief Bus. Affairs & Leg. Off. of the company, disposed of 7,110 shares for $41.27 on Mar 02. It resulted in a $293,444 divestment by the insider. Murdoch Wendi sold 500 shares at an average price of $41.80 on Mar 01. The insider now owns 2,478 shares following the transaction. On Aug 04, Chief Executive Officer Kim Bernard Jin bought 16,000 shares at $63.58 apiece. The transaction was valued at $1,017,280.

Valuation Metrics

Right now, Match Group Inc. (MTCH) has a P/E ratio of about 29.61. The stock’s beta is 1.09.

Financial Health

In the three months ended December 30, Match Group Inc.’s quick ratio stood at 1.60, while its current ratio was 1.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 69.90% percent. In the year ended December 30, operating margins totaled 16.10%. Based on annual data, MTCH earned $2.23 billion in gross profit and brought in $3.19 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.50%. Return on equity (ROE) for the past 12 months was -88.60%.

In Match Group Inc.’s quarter-end financial report for December 30, it reported total debt of $3.84 billion against cash and short-term investments of $8.72 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MTCH’s revenue fell -2.53% to $809.55 million during the quarter, while net income inched up to $786.15 million. While analysts expected Match Group Inc. to report $0.46 quarterly earnings, the actual figure was $0.3 per share, beating the consensus estimate by -34.80%. During the quarter, the company generated $231.98 million in EBITDA. The liabilities of Match Group Inc. were 4.54 billion at the end of its most recent quarter ended December 30, and its total debt was $3.95 billion. The value of shareholders’ equity is $279.32 million.

Technical Picture

This quick technical analysis looks at Match Group Inc.’s (MTCH) price momentum. With a historical volatility rate of 44.47%, the RSI 9-day stood at 32.30% on 17 March.

With respect to its five-day moving average, the current Match Group Inc. price is up by +3.47% percent or $1.23. At present, MTCH shares trade -16.39% below its 20-day simple moving average and -14.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.11% below its SMA50 and -53.39% below its SMA200.

Stochastic coefficient K was 24.81% and Stochastic coefficient D was 21.08%, while ATR was 1.58. Given the Stochastic reading of 26.32% for the 14-day period, the RSI (14) reading has been calculated as 32.78%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -1.70.

Analyst Ratings

Barclays upgraded its rating on Match Group Inc. (NASDAQ: MTCH) to an Overweight in a note to investors on March 14, 2023. The analysts firm previously had an Equal weight rating on the stock.Match Group Inc. (MTCH) has been rated Overweight by analysts. According to 0 brokerage firms, MTCH is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Match Group Inc. stock as buy, with 15 recommending it as overweight.

With a median target price of $60.00, the current consensus forecast for the stock is $50.00 – $90.00. Based on these forecasts, analysts predict Match Group Inc. (MTCH) will achieve an average price target of $62.81.


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